Common use of Subsidiary Dividends Clause in Contracts

Subsidiary Dividends. Enter into, or permit any Subsidiary to enter into, any agreement that restricts the ability of any Subsidiary to pay dividends directly or indirectly to the Borrower, except for restrictions on the Borrower relating to the priority of payments on its subordinated debentures contained in the Indenture dated as of September 1, 1995 between the Borrower and Wilmington Trust Company, as trustee, as in effect on the date hereof, or any other indenture that has terms substantially similar to such Indenture and that relates to the issuance of trust preferred securities.

Subsidiary Dividends. Enter into, or permit any Subsidiary to enter into, any agreement that restricts the ability of any Subsidiary to pay dividends directly or indirectly to the Borrower, except for restrictions on the Borrower relating to the priority of payments on its subordinated debentures contained in the Indenture dated as of September 1, 1995 between the Borrower and Wilmington Trust Company, as trustee, as in effect on the date hereof, or any other indenture that has terms substantially similar to such Indenture and that relates to the issuance of trust preferred securities.. ARTICLE VI EVENTS OF DEFAULT